Adding Foreign Capital Flows thru Mutual Funds
Wednesday, August 17, 2011
Seeding Regulatory confusion with "Qualified Foreign Investors"
Quoted from News based on SEBI releases
SEBI has allowed qualified foreign investors (QFIs) to buy up to $10 Bn in domestic equity schemes and an additional $3 bn in debt funds that invest in corporate bonds of infrastructure companies. However, SEBI notified that fund houses can accept subscriptions from QFIs only up to $8 bn in equities and $2.5 bn in debt schemes. The rest ($2 bn in equity and $0.5 bn in debt) would be auctioned by SEBI through bidding.
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